5 bedroom house for sale

Overview

Location: The property is located on Hereward Street within a residential area just a 15 minute walk from Lincoln's City Centre, 25 minute walk from the University of Lincoln, a 13 minute walk from Bishop Grosseteste University and a 30 minute walk from the County Hospital

Investment Consideration: Gross Initial Yield: 8.47% Rental Income: £23,715 p.a. VAT is NOT applicable to this property Comprises 5-bed HMO with communal kitchen, dining room, cinema room and 2 bathrooms Situated within 25 minute walk from the University of Lincoln, a 13 minute walk from Bishop Grosseteste University and a 30 minute walk from the County Hospital. Property Description: Comprises mid-terrace 5-bedroom HMO, arranged as a ground floor kitchen with separate dining room and 1 bedroom. First floor provides 2 bedrooms with communal bathroom and second floor provides 2 bedrooms. The basement provides cinema room and communal bathroom. Ground Floor: 34 sq m (366 sq ft) First Floor: 25 sq m (269 sq ft) Second Floor: 19 sq m (204 sq ft) Basement: 26 sq m (280 sq ft) Total GIA: 104 sq m (1,119 sq ft) HMO Licensed Property (C4 use class) Reference - 2018/1327/CLE. Tenancy: The property is at present let to Individuals for a term of 51 Weeks from 27th August 2024 at an agreed rent of £23,715 p.a. Deposit held of £1,200. Vendor will top up rent, so the buyer receives the equivalent to £23,715 p.a. from completion. Location: The property is located on Hereward Street within a residential area just a 15 minute walk from Lincoln's City Centre, 25 minute walk from the University of Lincoln, a 13 minute walk from Bishop Grosseteste University and a 30 minute walk from the County Hospital. The city's train station is located just a 25 minute walk from the property. The station offers regular connections throughout the country, with regular services running to Newark Northgate, Edinburgh and London Kings Cross. For more details and to contact: https://realtyww.info/houses_lincoln-d196656/for-sale_i69425807

---

Disclaimer

The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.